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BAHAMAS: Minister Dames Gives Insight into the Proceeds of Crime Bill

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#Bahamas, March 5, 2018 – Nassau – While giving his Communication during the debate on the Financial Transactions Reporting Bill 2018 and the Proceeds of Crime Bill, 2018, Minister of National Security the Hon. Marvin Dames presented to the House of Assembly an in-depth look into the latter.

“The Proceeds of Crime Bill is for an Act to Consolidate and Strengthen Measures to Recover the Proceeds and Instrumentalities of Crime and to Combat Identified Risks,” Minister Dames pointed out, on March 1, 2018.  “Although this Bill is considered one of those Bills that fall under the compendium of financial Bills, this Bill is a cross between the compendium of financial legislation and the compendium of crime legislation being proposed by this working government, ‘The People’s Government’.”

Minister Dames noted that the Bill seeks to expose “all of those persons, organizations and companies involved in criminal activity and seek to support, cover-up and conspire with others to conceal their ill-gotten gains, by whatever means necessary”.

According to the United Nations Office on Drugs and Crime, a study conducted in 2009 to determine the magnitude of illicit funds found that criminal proceeds being laundered amounted to US$1.6 trillion dollars, he said.

“The nuts and bolts of these far reaching and significant Bills is to launch an effective assault against the criminal networks operating throughout the country,” Minister Dames stated.  “No matter where they may be operating, in communities, in the financial sector, across jurisdictions or on the deep web – it does not matter.”

“Where the Tracing and Forfeiture of Proceeds and Drug Trafficking Act 1986 did not go far enough, the Proceeds of Crime Act 2000 made some inroads; and what those Acts were not successful in accomplishing, this Bill will achieve and put our nation on par with global financial and anti-corruption standards,” he added.

Minister Dames noted that the Proceeds of Crime Bill 2018 has broadened the scope for fighting crime by encompassing the Tracing & Forfeiture of Proceeds & Drug Trafficking Act (1986) and Proceeds of Crime Act (2000).  He added that the consolidation of those three Bills rolled into one meant a greater depth and larger net to haul criminal activity.

“For instance, both the Tracing & Forfeiture of Proceeds & Drug Trafficking Act (1986) and the Proceeds of Crime Act (2000) a subsidiary legislation, were created to exclusively handle all crimes dealing with the proceeds of drug trafficking alone,” Minister Dames pointed out.  “This Bill, on the other hand, is more substantial making provision to cover all identified risks — money laundering; terrorism financing; terrorism; corruption, proliferation of weapons of mass destruction, human trafficking, virtual currencies – digital representation of value which can be digitally traded – and other factors that the Minister, by regulations, may recommend.”

Further, he said, the Proceeds of Crime Bill, 2018, strengthens the previous legal framework through the establishment of a Ministerial Council and combats identified risks mentioned previously, by stiffening penalties and introducing sanctions to hinder corruption.

“The Ministerial Council will have the responsibility of assessments as it relates to the effective implementation of the Identified Risk Framework — or IRF — to eliminate identified risks.,” he said.  “The Ministerial Council will be composed of the following:  the Attorney General; Minister of Finance; Minister of Financial Services; Minister of Foreign Affairs; Minister of National Security, and a National Identified Risk Framework Coordinator nominated by the Attorney General.”

Regarding penalties and sanctions, Minister Dames pointed out, the Bill sets out a fine not exceeding $500,000 and imprisonment of not more than seven years on a summary conviction for money laundering, failure to make the required disclosures and tipping off.

“The previous Act stipulated a fine of $100,000 or five years,” he noted.

By: Eric Rose (BIS)

Photo Caption: Minister of National Security the Hon. Marvin Dames gives his Communication in the House of Assembly, during the debate on the Financial Transactions Reporting Bill 2018 and the Proceeds of Crime Bill, 2018, on March 1, 2018. (BIS Photo/Eric Rose)

 

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Bahama Brass Band Invitation Sparks Heritage Debate Ahead of TCI Constitutional Holiday

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Turks and Caicos, August 20, 2026 – The planned participation of the Bahama Brass Band in the Turks and Caicos Islands’ inaugural Constitutional Holiday celebrations on August 30 has sparked public debate over culture, heritage and the historical contributions of Turks and Caicos Islanders abroad.

Organizers defended the invitation, saying the band’s inclusion is intended to highlight the deep historical ties between the two countries and honor Turks and Caicos men who helped establish and develop the institution in Grand Bahama.

According to the organizers, the Bahama Brass Band began in 1955 in Pine Ridge, Freeport, with Turks and Caicos Islanders, including the late Deacon Reuben Hall Sr. of Middle Caicos and Jenkins Williams and Mervin Hendfield of North Caicos, among those who helped build its foundation. The band eventually grew to more than 50 men.

The organizers also pointed to the participation of Turks and Caicos men in The Bahamas’ Independence celebrations on July 10, 1973, arguing that their contributions became part of Bahamian history while maintaining strong connections to their homeland.

Supporters say bringing the band home represents an opportunity to honor those pioneers, showcase their regional influence and expose younger generations to an important part of Turks and Caicos history.

However, concerns raised publicly described the invitation as potentially disrespectful to local culture and heritage. Organizers acknowledged those concerns, apologizing to anyone who felt overlooked or offended, while maintaining that no disrespect was intended.

The committee said the event should ultimately unite rather than divide, presenting the band’s history as evidence of the reach and resilience of Turks and Caicos heritage.

PHOTO CREDIT: Bahamas Brass Band

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CBC Supports Opportunities for Young Bahamian Basketball Players

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NASSAU, Bahamas — Caribbean Bottling Company (CBC), local producers of Dasani products, proudly sponsored the fifth annual, Caribbean Hoopfest.

The tournament brings together Bahamian high school basketball teams and visiting teams from the United States for a competitive showcase at the Kendal G. L. Isaacs Gymnasium.  Following its inaugural year at the Kendal G. L. Isaacs gym and last year’s event at Loyola Hall, the tournament returned to the Kendal G. L. Isaacs gym this year.

During the weekend tournament, CBC kept athletes well hydrated with in-kind donations of Dasani Water, Powerade and Minute Maid Juices.

During the tournament’s final day, CBC provided additional support by offering Sprite No Sugar samples and inviting attendees to participate in its Spin the Wheel for a chance to win exciting prizes.

CBC was proud to support this incredible event, which provides young Bahamian athletes with valuable exposure to U.S. basketball scouts and coaches. This opportunity gives them the chance to earn scholarships, continue their education, and pursue their basketball careers in the United States.

Event organizer, Donald Francois shared his appreciation for CBC’s support.

“I want to express our sincere appreciation for Caribbean Bottling Company, who has been a tremendous supporter and an important part of the success of our program. Without CBC’s support, Caribbean Hoop Fest would not be able to function at the level it does today. And without Caribbean Hoop Fest, we would not have been able to provide the opportunities that have helped young Bahamian athletes gain exposure and pursue educational opportunities in the United States,” he expressed.

Since the program’s inception, several Bahamian student-athletes have been selected for scholarship opportunities, highlighting the tournament’s growing impact on the development and advancement of young basketball talent in The Bahamas.

They are: Kelvin McDowells – Guard, Wodson Antoine – Power Forward, Justin Lafleur – Guard and Sean John – Guard.

After another successful edition of the tournament, Francois shared what he hopes he and Caribbean Bottling Company can achieve in the future.

“Our vision is bigger than basketball. We want to use the platform of Caribbean Hoop Fest to educate, develop, and create opportunities for young people and their families throughout the Bahamas. With individuals and organizations committed to our mission, we believe we can continue to grow the program and make an even greater impact,” Francois said.

For more details on community support, events and new products visit Caribbean Bottling Company at www.cbcbahamas.com today.

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More Bahamians Accessing HIV, STI Care Through NHI

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NASSAU, Bahamas — More Bahamians are accessing HIV and sexually transmitted infection-related healthcare through National Health Insurance, a trend the NHI Authority says should be viewed positively.

NHIA stressed in an August 6 statement that its 2025 figures measure healthcare utilisation, not newly diagnosed infections. They include beneficiaries screened, treated, monitored or receiving follow-up care, including people diagnosed previously.

“Increased utilisation of these services should be viewed as a positive development,” NHIA said.

The Authority pointed to “greater enrolment and use of NHI, improved access to screening and testing, continued treatment and monitoring of existing conditions, and increased willingness to seek medical care.”

The development comes amid a mixed three-year HIV picture. New diagnoses rose from 130 in 2023 to 156 in 2024, before declining to 142 in 2025.

NHIA said increased utilisation demonstrates that more beneficiaries are accessing needed healthcare and actively managing their health, reinforcing the importance of screening, early diagnosis and continued treatment.

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